Red Wing, MN Housing Market & Real Estate
Housing market overview · Updated weekly ·
Quick answer: The median home sale price in Red Wing, MN is $264,500, down 14.0% year-over-year. Homes sell in an average of 82 days with 38 active listings. The market is currently a balanced market.
$264,500median sale price
Is Red Wing a buyer's or seller's market?
Red Wing, MN is currently a balanced market, based on 2.1 months of supply and homes selling in about 82 days. How we determine this →
Homes sold
18
Last 12 weeks
Days on market
82
Average pace
Active listings
38
2.1 months supply
Sale-to-list
98.3%
Below asking
Red Wing, MN market data
| Metric | Value |
|---|---|
| Median sale price | $264,500 |
| Median list price | $284,900 |
| Year-over-year price change | -14.0% |
| Average days on market | 82 days |
| Active inventory | 38 listings |
| Months of supply | 2.1 months |
| Sale-to-list price ratio | 98.3% |
| Market condition | Balanced market |
Source: Redfin · Updated weekly
The Red Wing housing market is currently classified as a balanced market with a median sale price of $264,500. Prices have fallen 14.0% compared to last year, with homes spending an average of 82 days on market, indicating 2.1 months of inventory.With limited inventory, homes sell quickly and buyers should be prepared to act decisively and competitively to secure a property.
Market trends
Homes for sale in Red Wing
There are currently 38 homes listed for sale in Red Wing, Minnesota. The median listing price is $285K.
Active listings
38
Homes on market
Median list price
$285K
Avg. days on market
82
Days until sale
New this week
9
Newly listed
Top public schools in Red Wing
15 schools tracked · 2,735 students
The largest public schools serving Red Wing, MN by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Red Wing Senior High
Grades 8-12 · 820 students
Burnside Elementary
Grades 2-4 · 501 students
Twin Bluff School
Grades 5-7 · 500 students
SUNNYSIDE ELEMENTARY
Grades K-1 · 342 students
5RiversOnline Secondary
Grades 7-12 · 182 students
Creekstone Montessori
Grades K-7 · 88 students
COLVILL FAMILY EDUCATION CENTER
Grades PK · 68 students
Tower View Alternative High School
Grades 10-12 · 58 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
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Frequently asked questions
What is the average home price in Red Wing?
The median home sale price in Red Wing is $264,500, down 14.0% from last year.
How long do homes stay on market in Red Wing?
Homes typically spend 82 days on market before going under contract.
Is Red Wing a buyer's or seller's market?
With 2.1 months of supply, Red Wing is currently a balanced market.
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